Member Info for Coyote2020

The new CEO Darryn McClelland said,

Joining the team at a critical inflection point in the companies development, Asiamet has a strong pipeline of high-quality growth oportunities across two core projects and is well positioned to make the transition from explorer to copper producer and become a meaningful contributor to the global drive towards energy transition and decarbonisation.

Currently COO at the Martabe Gold Mine (7.6m oz Au, 72m oz Ag) in Northern Sumatra. A very efficient mine producing 330k eq oz/yr with an AISC US$632/oz. The largest gold mine in Indonesia located around 200km from the BEUTONG prospect.

The stars are falling into place.

Listened to the interview and CB says he 's not sure if Racecourse will be 500, 600 or 700mt. Probably needs nearer the later to make the target of contained copper. However, he goes on to say, already quoted here " I ain't gonna miss my targets".

Should the Racecourse resource today come up a tad short, with the ground, 10km trend, Ascot, Footrot and the rest, the African alluvial earnings and Fair Bride about to come on stream and therefore no further requirement to raise cash, this project is 'home and dry' imo.

Caledonia (Blanket Mine) is looking to invest US$400 over the next decade and needs larger assets to expand from a single asset base. Their CEO recons Africa is a good a place as any for business including Australia.
Gold is Zimbabwe's single largest export accounting for over 60% of yearly earnings.

No comparison. Wales is 20,779 sq km in size.

The CPL is a District Scale land package covering an area of 3592 sq km, equivalent in size to the County of Essex. Oriole acquired the licences in February 2021. To date they have completed desktop studies, mapping and stream sediment sampling, prioritized targets for soil sampling (results pending), 18 targets already identified and 5 priority zones within the 5 eastern licences. The 3 western licences, 2 of which are of a different geological setting, add more to the mix. Not bad only one year in.

Being District Scale the goal here is for multiple mines of multiple Moz not only in gold as other metals have been mentioned. With a task of this magnitude, it is not conceivable therefore, for Oriole or rather it's budget to realize full value at CPL without assistance. When asked at the recent Q & A if Oriole intended to partner or more specifically form a STRATEGIC ALLIANCE, the answer was in the affirmative.

Oriole produces high quality work, an absolute must when dealing with high quality companies. The challenge now for Oriole I believe, is to attract a suitable partner where, Oriole provides the ground with considerable upside, ground mapping/sampling, relations with Community/Government already initiated and the permitting arrangements agreed. In return, the Partner supports the venture without the usual obligations or encumbrances of alternative routes to exploration.

This is the catalyst, landmark and company maker I believe, what others here have been searching for.

DYOR.

Alot going on here today with two posters having thrown or about to throw-in the towel with this company.

Having read their posts for sometime now their comments are well articulated and mostly valid. However, I'm always left with the same two thoughts with every post.

Firstly, would these guy's be so vociferous had they not been so far underwater and to such an extent. No comment to make here as nobody gets the timing (when to buy) exactly right or can predict the future. A trade that didn't work out trends into a long-term investment which only gets worse and so on.

The second thought, are their comments, true or not premature is the more pertinent.

The company, is effectively a start-up, with management change, a few legacy assets and by it's own admission in a recent release 'brand new'. Since then, we've had 2 years of Covid and the logistical problems that presents, some sort of Sector rally 2020/21 and now the possibility of war.

The points made of late, funding, rate of spend, Jv's, partnerships, monetisation and ultimately the business model are all spot-on, acutely relevant and are I'm sure the exact questions currently under consideration by the present management. The Company is in it's infancy. The business model yet to be formulated, defined, enacted upon and then fine tuned. Until we see evidence of such, it is not feasible therefore to have an opinion one way or another. Investments of this nature are usually 3-5+ years. To write a company off after 2 years of Covid is to say the least short-sighted.

As a final note, both posters are not to divest, only taking a break from posting here presumably, what regular long-term holders do. Let the company do the work. Still, valued posters with a useful contribution to make. Hear from them soon, no doubt.

DYOR.

Thanks again Piscator1.
Excellent news for the CPL.
Next stage, 'Name That Chef'.

DYOR.

Correction - US$11.941m

Meanwhile,

Final assays forthcoming. Anything like the previous results from the current drill programme will certainly add value.

Given the latest protracted proceedings (Preferred Tier1 Bank doing it's own Due Dilligence at a difficult time) it maybe worthwhile to continue with the drill programme.

Asiamet is cashed-up with US$11941 as of 30th June (Interims) last year. Until this transaction is completed, Asiamet owns 100% of KSK licences. Any money spent resulting in adding value is directly accretive to Asiamet at this time. Even at 49%, once the transaction is sealed the value added with these intersections and grades far outweigh the associated costs of drilling.

DYOR.

Thank you Piscator1.

Reading recent Press release headlines 'biggest dividend in it's 134 year history, declares industry leading dividend, record profit and best ever full-year dividend' must be the precursor to the next phase in the mining cycle. The stage when the major mining companies now in pristine condition are on the lookout for new ground, new territories and new discoveries to either add to or replenish their inventories. The stage when major mining companies engage with the junior sector in the hunt for assets offering potential for long and extended mine life in safer jurisdictions.

Oriole's 3592 sq km early stage district scale land package in Central Cameroon is exceptionally well placed in this regard.

The picture showing the two chefs studying the morsel before them is only the 'starter'. The 'main course' is about to begin.

DYOR.

From the podcast Mr Bird mentioned 3? when discussing the mine build. I take it as 3 years payback. Debt with payment from FCF. Any idea how much?

Unable to attend the Q & A session. Anybody looking for a question, try this one.
The Majors have mostly completed their internal reviews of balance sheets, operational efficiencies, multiple share buy-back programmes, record dividends for shareholders etc. The time is approaching when Majors outlook is for new ground and new discoveries.
Their interest is SCALE. As an example, Randgold ( now Barrick) minimum 3m oz @ 3 g/t Au and more recently Newmont at Ernest Giles - 5m oz. Today, I believe it's nearer to 10m oz. Oriole's Central District Land Package now becoming the companies focal point has SCALE.
At a similar stage in the last mining cycle Stratex (now Oriole) endorsed the Project Generator model. Strategic Alliances with companies such as Centerra, Antofagasta and Teck Resources were set-up where combined expertise explored greenfield sites. Stratex supplied the ground, the Tier 1/2 supplied the funds. Where successful and the Tier 1/2 wanted to proceed a JV was arranged in the usual way. Where unsuccessful, the Tier 1/2 walked at no cost to Stratex. A sound arrangement as one company for example, earned-in to 70% and Stratex selling their 30% for US$20m + Royalty(capped at US$20m). The main criteria was SCALE.
Question;
Do Oriole intend to form a Strategic Alliance for the Central Camaroon Liciences?

Probably reluctant to issue an update on Due Diligence as it might invigorate more 'intellectual gymnastics.' The deal is the next RNS.

DYOR.

Could GOLD make $2000 for only the second time in it's history?
Interesting to note the Crypto's are headed in the other direction. Gold is still the preferred safe haven asset in times of trouble.

DYOR.

2nd February - Press Release.
Delta Dunia Makmur (DOID) Working on the Asiamet Copper Mine, These are the Stages.
3rd February - DOID shares begin to re-rate 62% so far.

For a summary of other assets/royalties refer to RNS dated 19/8/20 - Update on Turkish Operations.
A couple of others, Aforo (7%), probably shelved a long time ago and Elephant Oil (0.68%). Asset in Benin, was to be listed on Nasdaq last year. Red rock Resources (4.64%) may have latest info.

DYOR.

Good observation and summary from traders72.
DOID shares have re-rated beginning in early February about the same time as the due diligence extension notification. Fitch confirmed it's rating for DOID a couple of weeks earlier and no other significant news since. DOID adjusting for the future is being well received.

DYOR.

Correction - TSR (24.92% Oriole) - last line.

EGYPT - Hodine.
Incompatible Mining Law, Egypt hasn't seen much in the way of mining since World War II. Has only one producing gold mine, Sukari (Centamin) which is 50% Government owned. 2020 the Government decide on reform, abandon the Profit Sharing Agreement (PSA) in favour of a Tax, Rent and Royalty model. A bidding round or land grab set-up in March'20 confirms Egypt's intention to become more mining friendly with companies such as Barrick, B2Gold and Altus Strategies taking ground. A hot spot.
Last year TSR's 100% owned prospects HUTITE and ANBAT, 520k ozs (Non-JORC) and 209k ozs (JORC) respectively were JV'd to Red Sea Resources. Contract signed around March for a US$1.2m exploration expenditure in 12 months in return for 51%.
Should this condition not be met, then the shortfall or balance comes to Oriole.

to be cont....